Looking Toward Project Bonds For African Infrastructure
January 27, 2014, 12:35 PM EST
Law360, New York (January 27, 2014, 12:35 PM EST) -- The infrastructure deficit is increasing in many countries in sub-Saharan Africa. A much-needed priority action plan, Programme for Infrastructure Development in Africa, has been developed by the African Union Commission, African Development Bank and the New Partnership for African Development Planning and Coordinating Agency. The priority action plan aims to address the problematic deficit by identifying $68 billion per year of energy and infrastructure investments that should be prioritized through 2020.
However, funding from governments and development finance institutions is not sufficient to finance the level...